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Ethereum (ETH) performed brilliantly this week, with its price rising nearly 1000 points in just one week, from 3353 to 4248. This strong upward momentum has successfully broken through the important resistance level of 4100, laying the foundation for further gains.
Market analysts point out that if the current rise continues, Ethereum could challenge its all-time high of 4877. However, investors should also remain cautious and closely monitor market trends.
For short-term trading strategies, it is recommended that investors consider buying in the range of 4156 to 4125. At the same time, pay attention to several key resistance levels above, including 4230, 4279, 4310, and 4380. These price levels may trigger some selling pressure, and investors need to respond cautiously.
Although market sentiment is generally optimistic, the cryptocurrency market has always been highly volatile, and investors should proceed with caution and manage risks effectively. Whether you are preparing to enter the market or already hold positions, you should closely monitor market dynamics and adjust your strategies in a timely manner.